US Treasury Secretary Janet Yellen said Tuesday she was concerned that Chinese lenders could benefit from an international debt relief initiative aimed at poor countries. In April, G20 countries including the United States agreed to extend until December a moratorium on debt interest payments for the poorest nations, amid fears they will lag behind in…
Armed police officers patrol in Falmouth, England, June 10, 2021, ahead of the G7 summit in Cornwell. Debt relief for poor countries is only way for G7 leaders to succeed in their plans to promote global recovery from the COVID-19 pandemic and address the climate crisis, Caritas Internationalis said. (Credit: Phil Noble/Reuters via CNS.) ROME…
Chris Gash Add burdensome credit card debt to the list of woes the pandemic has made worse for older Americans. New surveys confirm what your letters have already told me: Many of you are struggling to make monthly payments while balances grow. And even those of you who aren’t struggling are carrying more of this…
The world cannot recover from the health and economic crises of the COVID-19 pandemic and tackle climate change without debt relief for the world’s poorest countries, said the secretary-general of Caritas Internationalis. As the leaders of the world’s wealthiest nations prepared to meet for the G7 summit in Cornwall, England, Caritas insisted their agenda could…
Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. When youre struggling with overdue debt, you may wonder whether debt settlement is the right way to take care of it. It may be a workable option, depending on…
Quinsigamond Community College in Massachusetts plans to clear the unpaid balances of students enrolled during the pandemic, using over $2.5million from federal coronavirus relief funds. The debt forgiveness program aims to help students complete their degrees after a trying academic year. By eliminating this debt, we are taking an equitable approach to higher education. We…
By Ludwig Burger Tamara Rogers, Chief Marketing Officer forGSKConsumer Healthcare, said in an interview for the Reuters Marketing Interactive Week that the business would take the increased debt in its stride because of its cash flow prospects. As a consumer business we have a very good cash flow, so were expecting with the growth rates…
This year’s G7 meeting will focus on the global post-pandemic recovery, with a renewed focus on climate action. But climate vulnerable countries have high levels of debt burden making a sustainable recovery even harder. We outline five ways investing in nature could help to solve the international debt crisis. As G7 leaders gather on 11-13…
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Besides better healthcare, contemporary times call for the establishment of proper credit counselling agencies The pandemic has been an eye opener in ways more than one. While it taught us to prioritise health and life over lifestyle, it has also begun to make us aware of crucial instruments, such as the Debt Management Plan. The…